The November property price data out of China confirmed what we've been talking about for a while now (before most others caught on); the cooling off of the current price boom, and the prospects of a slowdown in 2018. This is a critical theme to be across because it involves a number of key global macro trends and impacts significantly on the macro/risk outlook in China, and indirectly has a big impact on emerging market equities. For active asset allocators, these are all key issues! Focusing on the final point - emerging market equities, as the charts below show the Chinese property market has begun to cool off. ... (full story)